New Delhi, 23 June (IANS). Gold and silver prices saw a rise on Monday. The price of 24 carat gold increased to more than Rs 98,800 per 10 grams and the price of silver recorded a jump of more than Rs 1200.
According to the prices released in the morning by the India Bullion Jewelers Association (IBJA), the price of 24 carat gold has increased to Rs 98,884 per 10 grams, which is released on Friday evening, Rs 98,503 per 10 grams to Rs 381 more.
The price of 10 grams of gold of 22 carats has increased to Rs 90,578, which was earlier Rs 90,229 per 10 grams. At the same time, the price of 10 grams of gold of 18 carats has increased to Rs 74,163, which was earlier Rs 73,878 per 10 grams.
Gold and silver prices are updated twice a day on the official website of IBJA.
There has also been an increase in the price of silver with gold. The price of silver has increased by Rs 1,208 to Rs 1,06,800 per kg, which was updated by Rs 1,05,592 per kg in the evening.
According to market experts, gold is stable above Rs 98,000 in the domestic market (MCX), which serves as a major support, while resistance is seen around Rs 99,500–99,750.
Jatin Trivedi, VP Research Analyst-Commodity and Currency of LKP Securities, said, “Gold in Comex is trading in a positive range between $ 3350 to $ 3380, as US air strikes on Iran’s nuclear sites have increased geopolitical risk. This increase has increased this increase, in which this growth has boosted, in which this growth has boosted, in which this growth has boosted, in which it is a further assembl It is closely monitored. Any counter -action or military reaction can lead to a sharp jump in gold prices. “
He further said that if further diplomatic efforts are revealed, strong profit booking can begin. In such a case, the immediate support in Comex is at $ 3,290.
In the international market, there is a fall in the price of gold and the rise in silver prices. By the time the news was written, the price of gold was 0.07 percent lower after $ 3,383.40 an ounce and silver was 0.40 percent to $ 36.160 an ounce.
Since January 1, the price of 10 grams 24 carat gold has increased from Rs 76,162 to Rs 22,722 or 29.83 percent to Rs 98,884. At the same time, silver price has also increased from Rs 86,017 per kg to Rs 20,783 or 24.16 percent to Rs 1,06,800 per kg.
-IANS
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